September 24, 2018 Shuswap Residential Real Estate
Weekly Top Property - 722 Grandview Bench Road, SE Salmon Arm, V1E 2X9
This rancher with basement has a 2,636 finished floor area, which was built in 1975. 5 bedrooms and 2 baths on a 33 acre lot. Listed on the market for $1,160,000. It sold in 72 days, for $1,120,000.
This scenic farm has so many features: two residences, hayfields, pastures, corrals, a pond and a creek, and two outdoor riding rings, plus trails right off the property. It has a bright, sunny exposure year-round, and is well set up for livestock: perimeter fenced and cross-fenced, with loafing sheds, automatic waterers and stand pipes. The numerous outbuildings are on concrete foundations, and include a two-bay shop (28'x42') with four-bay implement shed attached (28'x56'); a main barn (80'x130') with 6 stalls and heated tack room; a storage barn (52'x96'); plus a haybarn (34'x96'), a concrete (90'x60') manure pit. The comfortable main house has four bedrooms, an office, and two bathrooms. The second residence is a cozy two bedroom, one bath, set well apart from the main house. Both have highly efficient aerothermal heating systems.
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (27) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $22,000 | $21,500 | 11 | 1 | 1 | ||
| Max | $1,160,000 | $1,120,000 | 3088 | 6 | 3 | 2975 | |
| Avg | $329,963 | $318,978 | 248 | 3 | 2 | 1052 | |
| Sum | $8,909,000 | $8,612,407 | |||||
Criteria:
MLS is 'OMREB'
Major Area is 'Shuswap / Revelstoke'
Sold Date is 9/17/2018 to 9/23/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
Days on the market? Yes - there was a lot that was listed in 2010 that sold last week... One MLS number.... so that skews the average somewhat!
Compared to last week
| Status: Sold (23) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $59,900 | $55,000 | 13 | 1 | 1 | ||
| Max | $729,000 | $720,000 | 462 | 5 | 4 | 4208 | |
| Avg | $370,739 | $358,500 | 95 | 3 | 2 | 1749 | |
| Sum | $8,527,000 | $8,245,500 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 9 |
| Manufactured Homes | 1 |
| Recreational | 2 |
| Single Family Residential | 14 |
| Strata - Apartments | 0 |
| - Townhouses | 1 |